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April 18, 2024

West Roxbury Residents Drop Lawsuits Over 124-Unit Project

Hear From Ivanhoé Cambridge's Rob Simpson At The Boston Sustainability Event April 24

Two lawsuits against a Dedham-based developer over a residential project in West Roxbury have been withdrawn.

West Roxbury Residents Drop Lawsuits Over 124-Unit Project

The suits were filed against Upton+Partners, which proposed a 124-unit project on the site of an auto shop at 361 Belgrade Ave. in West Roxbury in 2022. Both lawsuits were dropped before they were set to be heard in the state's Land Court, Universal Hub reported. One of…

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Harvard, Tishman Speyer File Plan For 1M SF Next Phase Of Allston Campus

Harvard, Tishman Speyer File Plan For 1M SF Next Phase Of Allston Campus

Five months after breaking ground on the first phase of their Allston campus, Harvard University and Tishman Speyer have unveiled plans for an even bigger second phase.The joint venture filed a letter of intent Tuesday with the Boston Planning & Development Agency for Phase B of its Enterprise Research Campus.…

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Senators Compare Hospital Landlord MPT To 'Ponzi Scheme,' Urge It To Reduce Rents

The U.S. senators from Massachusetts have sent a letter to Medical Properties Trust, the largest hospital landlord in the country, criticizing its business model and urging it to take action on the facilities run by beleaguered operator Steward Health Care. 

Senators Compare Hospital Landlord MPT To 'Ponzi Scheme,' Urge It To Reduce Rents

The letter, sent by Sens. Elizabeth Warren and Ed Markey on Monday, was directed to MPT and landlord Macquarie Infrastructure Partners. The senators called on the landlords to reduce Steward's lease payments or terminate leases and allow new operators to take over to keep hospitals…

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U.S. Industrial Leasing Plunges In Q1 As 'Recalibration' Continues

U.S. Industrial Leasing Plunges In Q1 As 'Recalibration' Continues  

Industrial users in the U.S. slammed the brakes on leasing in the first quarter, deepening a slowdown that is likely to continue for the remainder of the year.

Net absorption reached 28M SF nationwide in Q1, a roughly 70% drop from a year earlier, driving the vacancy rate up to 6.7% from 4.5% last year. But industrial brokers aren’t worried. In fact, they realize their position could be viewed as enviable.

“A breather, a recalibration period, a soft landing — any or all of the above terms are appropriate,” Newmark National Industrial Research Managing Director Lisa DeNight said. “In the first quarter, we had around 28M SF of net absorption across the country. The office market would love to see that.”

For industrial, which spent several years on a meteoric rise, a decline that would devastate some other segments of CRE is more of a return to a manageable pace, although there is a hefty pipeline of new development that needs to be leased. “The market is still generally healthy, but…

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